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Expiration occurred for the second time as scheduled, however, an extension of the Railroad Maintenance Tax Credit was included in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Under the new legislation, the credit was retroactively applied to the 2010 tax year and extended through January 1, 2012. [5]
In 1992, Maine voters approved a $5.4 million rail bond for right-of-way improvements, and $60,000 was granted to the Maine DOT to design a Portland intermodal terminal. Later that year, Congress approved $25.5 million for more right-of-way improvements, and 1993 saw an additional $9.5 million in track improvements.
The Cotton Valley Rail Trail Club uses about 8 miles (13 km) of the track in the Ossipee area for recreational use of speeders, between Route 28 and Route 16. In 2007, the Silver Lake Railroad began operating small, seasonal tourist trains along 3 miles (5 km) of track in Madison, using large speeders. As of 2017, the Silver Lake Railroad has ...
In early February 2010, the Montreal, Maine & Atlantic Railway filed a "notice of intent" with the Surface Transportation Board (STB) that it intended to abandon 233 miles (375 km) of track in northern Maine, between Madawaska and Millinocket, part of the original Bangor & Aroostook Railroad's mainline, which had been bought by the MMA in 2003.
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The Maine Central Railroad (reporting mark MEC) was a U. S. class 1 railroad [2] in central and southern Maine. It was chartered in 1856 and began operations in 1862. By 1884, Maine Central was the longest railroad in New England. Maine Central had expanded to 1,358 miles (2,185 km) when the United States Railroad Administration assumed control ...
It is the eastern terminus of the Rockland Branch, a state-owned track connecting Rockland and Brunswick. The historic station building was built in 1917 by the Maine Central Railroad, and was listed on the National Register of Historic Places in 1978 as Rockland Railroad Station. It presently houses a restaurant, and served for a time as ...
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